The value of Bitcoin can theoretically continue to double again and again because the gains it makes can't be inflated away by a central authority and given to the top 1%.
The limit of blockchain's value is the same of technology in general: no limit.
It all depends on how much of the old paper is allowed to get transferred into the digital.
Each transfer out is a block removed from the Jenga pile. Most of the derivatives will evaporate. But, at what point.
And of course, with a non-inflationary currency every thing brought to market makes cryptos more valuable.
The value of Bitcoin can theoretically continue to double again and again because the gains it makes can't be inflated away by a central authority and given to the top 1%.
The limit of blockchain's value is the same of technology in general: no limit.
It all depends on how much of the old paper is allowed to get transferred into the digital.
Each transfer out is a block removed from the Jenga pile. Most of the derivatives will evaporate. But, at what point.
And of course, with a non-inflationary currency every thing brought to market makes cryptos more valuable.
If we get to $200,000 this bull run, i do not doubt that bitcoin will go from through $1M to $2M during the next.
There are too many pieces and too many wild cards to determine the height of this bull run.
But, i can guarantee that it will be a hellava ride.